Chartwell Retirement Residences (TSE:CSH.UN) Sets New 1-Year High – Should You Buy?

Chartwell Retirement Residences (TSE:CSH.UN) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$17.72 and last traded at C$17.52, with a volume of 7454 shares changing hands. The stock had previously closed at C$17.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Securities increased their target price on Chartwell Retirement Residences from C$19.00 to C$20.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. BMO Capital Markets raised their price objective on shares of Chartwell Retirement Residences from C$18.00 to C$19.00 in a report on Monday, March 3rd. Canaccord Genuity Group set a C$20.50 price target on shares of Chartwell Retirement Residences and gave the stock a “buy” rating in a research report on Thursday, April 3rd. Finally, CIBC boosted their price objective on Chartwell Retirement Residences from C$19.00 to C$20.00 in a report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$18.00.

Chartwell Retirement Residences Price Performance

The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The company has a fifty day moving average price of C$16.66 and a 200 day moving average price of C$16.07. The company has a market capitalization of C$4.83 billion, a P/E ratio of -104.59 and a beta of 1.12.

Chartwell Retirement Residences Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Friday, February 28th. Chartwell Retirement Residences’s dividend payout ratio is presently -358.82%.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.